The Largest Fundraises for Crypto Projects Last Week
Venture capital and investment firms invested a total of $201.4 million into crypto projects last week. Eleven companies announced funding rounds, with the largest ones going to metaverse startup Futureverse and zero-knowledge proof tools provider RISC Zero.
Key Points:
- Futureverse raised $54 million in funding, while RISC Zero secured $40 million in a Series A round.
- Six of the funding rounds were for infrastructure projects, including RISC Zero, Cosmic Wire, Manta Network, Echooo Wallet, Side Protocol, and Over Protocol.
- Both RISC Zero and Manta Network focus on zero-knowledge technologies, a rising cryptographic method for validating transactions while maintaining privacy.
- The token of DeFi lender Radiant Capital, RDNT, saw a 10% jump to 31 cents after the funding announcement.
- Polychain Capital, a crypto-focused venture capital firm, reportedly raised $200 million for its fourth fund, although details have not been confirmed.
The data in the table only includes funding rounds with specified amounts. The information is accurate as of 5 p.m. ET on Friday, July 21. Any deals announced after that time will be included in next week’s roundup.
Hot Take:
The crypto industry continues to attract significant investment, with metaverse and zero-knowledge proof projects leading the way. Infrastructure projects also show resilience, indicating a strong belief in the long-term potential of the crypto market. The rise in RDNT token value demonstrates the positive impact funding rounds can have on project performance. Overall, these developments signal ongoing growth and innovation in the crypto space.
By
By
By
By
By